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Under Section 2(88) and Section 54 of the Companies Act, 2013, sweat equity shares are: • Equity shares issued by a company to its directors or employees, • In recognition of their contribution — like intellectual property, technical know-how, or value additions — • And not issued for cash consideration. Key points: • These shares are subject to conditions under Rule 8 of the Companies (Share Capital and Debentures) Rules, 2014. • A special resolution is required for issuance. • They help retain talent and reward contributions that enhance the value of the company. Sweat equity is different from ESOPs, which are generally purchased by employees at concessional rates.
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